Musgrave Renews Contract with Ballymaguire Foods in €170m Deal
Musgrave, a Cork-based wholesale and retail group, has recently announced that it has renewed its contract with Ballymaguire Foods, a ready meal producer, in a deal worth €170m. The five-year contract will allow Ballymaguire Foods to continue supplying its products to SuperValu, Centra, and Daybreak chains under the Musgrave Group.
Ballymaguire Foods has been working with the Musgrave Group for over 13 years, and this contract renewal is a testament to their successful partnership. Edward Spelman, the managing director and co-owner of Ballymaguire Foods, expressed his delight in seeing how much they have grown over the years. The company is a sister company to Country Crest, founded by Michael and Gabriel Hoey. Ballymaguire Foods works with local farmers and directly employs around 250 people, including chefs and producers.
The Musgrave Group operates in the Republic of Ireland, Northern Ireland, and Spain, and it is one of the largest private sector employers in Ireland. The group owns several retail brands, including SuperValu, Centra, and Daybreak, and it has been a significant player in the Irish retail market for over 140 years.
The renewal of the contract with Ballymaguire Foods is part of Musgrave’s commitment to supporting local suppliers and Irish producers. The group has been actively working with local farmers and producers to source high-quality products for its retail brands. Musgrave’s support for local suppliers has helped to create a sustainable supply chain and boost the Irish economy.
In recent years, there has been a growing demand for ready meals in Ireland, and Ballymaguire Foods has been at the forefront of this trend. The company produces a range of ready meals, including soups, curries, and pasta dishes, using locally sourced ingredients. Ballymaguire Foods has won several awards for its products, including the prestigious Blas na hÉireann award.
The renewal of the contract with Ballymaguire Foods is a significant milestone for both companies. It will allow Ballymaguire Foods to continue supplying its products to Musgrave’s retail brands, while also supporting local farmers and producers. For Musgrave, the contract renewal is a testament to its commitment to supporting local suppliers and providing high-quality products to its customers.
In conclusion, the renewal of the contract between Musgrave and Ballymaguire Foods is a positive development for the Irish retail market. It will help to create a sustainable supply chain and support local farmers and producers. The partnership between the two companies has been a successful one, and this contract renewal is a testament to their strong relationship.